Prior period income

By prior period you mean income pertaining to 19-20 in 20-21? Yes you can do the same. But need to be taken care while filing annual reconciliation

You can book the same as B2C, in order to not to give credit 

Dear Sir,

Hope you are doing well !!

1. Yes.

2.You need to book the same as B2C.

Yes you can if you does not want to give credit 

Hi

1.Yes  you can do so.

2. It can be treated as B2C transaction

Yes 

Yes, you can do the same.

Hello,

Yes, you can book it by declaring it under the B2C supplies.

Yes, if you don't want to give him the credit.

If you are not passing on the credit even when you are aware about the thing it would be forgery and not passing on eligible credit would also be wrong.

Although you can show it as B2C sale but it won't be correct.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Hi

Firstly, if you are a service provider, GST was applicable at the time of receipt as GST is applicable on advance received.

Secondly, you may enter it as a B2C sales now. But, it may lead to penalties in case of any future queries.

We would not advise you to show such transaction as a B2C supply.

1. yes you can show income against debit notes of perious period sale

2. Issue only payment Reciept to register person. Show in your books Advance from customers/ register person in liability side with respect to excess money.

for more detail #9#0#4#1#5#7#3#8#2#6(whatsapp)

- You can show in GSTR-3B for payment of taxes but it is not possible to shown in GSTR-1 due to change in Financial year. Difference between GSTR-3B and GSTR-1 should be explained in 9 and 9C.